We considered all equity and equity-oriented categories such as large cap, mid cap, small cap, large & mid cap, multi cap, flexi cap, focused fund, ELSS, value & contra fund categories for the study.
we considered the passive mid cap schemes that are benchmarked against Nifty Midcap 50 - TRI, Nifty Midcap 150 - TRI, NIFTY Midcap150 Quality 50 - TRI, and Nifty Midcap150 Momentum 50 - TRI. We considered the regular and growth options. These benchmarks have offered around 18.49- 33.49% returns in 2023.
These actively-managed schemes are benchmarked against Nifty Midcap 100 - TRI, Nifty Midcap 150 - TRI, and S&P BSE 150 MidCap - TRI and these benchmarks offered an average return of 29.36%, 28.07%, and 26.29% respectively.
The mutual fund industry saw about 19% of the total inflows coming into midcap funds in the said period. If we were to look at the 2023 period, then midcap funds garnered inflows worth Rs 14,444 crore, according to data shared by the Association of Mutual Funds in India (AMFI).